Lewes, DE -- (SBWIRE) -- 01/19/2019 -- Global Food Grade Lubricants market will register a 6.7% CAGR in terms of revenue, reach US$ 290 million by 2023, from US$ 200 million in 2017.

This report studies the Food Grade Lubricants market, Food grade lubricants are permitted for possible incidental contact with food products. The lubricants based on ingredients used are categorized as H1 (food grade lubricants, permitted for incidental contact), H2 (lubricants not permitted to have incidental contact), and H3 (soluble oils). The certification for this categorization is provided by organizations such as NSF International. Similarly, the ISO provides certification 21469 to manufacturers with high sanitation and hygiene standards for manufacture of food grade lubricants. The manufacturers may also attain additional certifications for halal and kosher compliance. Food grade lubricants based on application is segmented into four categories, namely, food, beverages, pharmaceuticals & cosmetics, and others. The food application is the largest segment of the market.

Europe is the largest supplier of Food Grade Lubricants, with a production market share nearly 47.86% and sales market share nearly 32.06% in 2017. That is to say, there will be exports in Europe, while Europe also is the largest consumption region.

The second place is North America; following Europe with the production market share of 39.98% and the sales market share over 28.93%. Asia (Ex. China) is another important market of Food Grade Lubricants, enjoying 2.06% production market share and 16.39% sales market share in 2017.

Food Grade Lubricants is used in Food, Beverages and Pharmaceuticals & Cosmetics areas. Report data showed that 54.17% of the Food Grade Lubricants market demand in Food application, 28.73% in Beverages application, and 17.10% in Pharmaceuticals & Cosmetics areas in 2017.

Over the next five years, study projects that Food Grade Lubricants will register a 6.7% CAGR in terms of revenue, reach US$ 290 million by 2023, from US$ 200 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Food Grade Lubricants market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Mineral Oil
Synthetic Oil
Bio-based Oil

Segmentation by application:
Food Industry
Beverages Industry
Pharmaceuticals & Cosmetics Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
FUCHS
TOTAL
British Petroleum
Exxon Mobil
Petro-Canada
Jax Inc.
SKF
ITW
Kluber
Anderol
Lubriplate

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Food Grade Lubricants consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Food Grade Lubricants market by identifying its various subsegments.
Focuses on the key global Food Grade Lubricants manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Food Grade Lubricants with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Food Grade Lubricants submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 166 pages "Forecast of Global Food Grade Lubricants Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Food Grade Lubricants by Players, Food Grade Lubricants by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Food Grade Lubricants Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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